Banking trends for 2017 are following already significant changes from 2016 including the UK Brexit, the US election, and India’s demonetisation all giving a sense of anti-establishment rebellion. 2017 is expected to be a year of more disruption, and more change as banks accelerate plans, driven by new leadership focused …
Bitcoin is one of several digital, or crypto- currencies that allow anonymous transactions. As it is also seen as a way to compete with government currency there have been concerns if it is legal or ethical to use Bitcoin. Bitcoin has been formally recognised as a currency by some governments, …
Online payment systems are electronic credit and debit transfers, allowing customers to make payments from their bank accounts for utilities, mortgage loans, and other bills, particularly for monthly- and subscription-based transactions. Online payment systems usually include a middleman that managers the transaction between buyer and seller. In return the middleman …
An e-commerce payment system is one that is used to accept paperless money transactions. The speed and simplicity with which e-commerce payment systems can be established and used have contributed to their widespread use. Here we look at different systems including the benefits and disadvantages. Credit cards Credit cards are …
The method of collecting payment is important for managing business cash-flow effectively. Here we look at a range of payment methods with their specific characteristics. Cash This includes bank credit transfers where the customer instructs their bank to send funds to a recipient bank account on a single occasion. With …
